I think we'll trade Thursday but I suppose it depends on complexity of the thing and the ASX
Question is what exactly is this Major Financing initiative, various standard possibilities come to mind;
1. Unrelated Cornerstone Investment into G1A 2. Strategic Investment into G1A 3. Strategic Investment into G1A + Offtake rights 4. Pure Offtake 5. Strategic Investment into Project/JV 6. Combinations of the above 7. Capital Raise from Institutions/Sophs/Market 8. Equity + Debt Financing 9. Debt Financing
7 is highly unlikely as brokers would have sent the term sheet worldwide by now and we would have seen it. 9 is unlikely as per my previous post. 8 is unlikely as per these comments. 4 is unlikely as the Halt wording doesn't correlate. That leaves some kind of cornerstone/strategic/JV
Whatever it is I am quite happy the words Major and Financing were used. Tells me we have a giant in the making here
G1A Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held